June, 2019 | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Review

Adobe, Inc. ADBE – Update

After continued success with SPY calls early this week and persisting through to their expiration yesterday, we issued yet another fresh options idea in yesterday morning’s premarket report for the ADBE chain.

ADBE reported a strong Q2 earnings beat and was looking ripe in the premarket. We signaled our interest in tracking the ADBE Weekly $285-290 Calls and we were exceedingly pleased with the idea’s first day performance, which yielded chances at multi-bag gains.

$289 Calls – Range: 2.94-7.40 – Max Gain: 152%
$289.50 Calls – Range: 1.83-5.25 – Max Gain: 187%
$290 Calls – Range: 1.07-3.51 – Max Gain: 228%

With the markets gapping up hard today, we would expect to see new highs on each of these contract, in which case we will report the final possible gains in tomorrow’s newsletters.
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MORE FRESH IDEAS:
SPDR S&P500 (ETF) SPY Weekly $294-296 Calls
Commercial Metals Co. CMC Weekly $16-17 Calls
Oracle Corp. ORCL Weekly $55-56 Calls

Extended Watchlist:
IAG, ZYME, KGC, COMM, MLNT, SVM, URL

Blue Horseshoe Stocks: ADBE Options & More

SPDR S&P500 ETF (SPY) – 2nd Update

We have basically called the activity in the SPY this week absolutely perfectly. On Monday we signaled the
the SPY 06/19 $289-290.50 Calls, and while we only saw moderate gains on the first day of trading, we did reiterate our interest in them in yesterday’s morning report.

We mentioned that the premarket activity suggested that further gains for our tracked contracts were on the way, and we couldn’t have been more on the money. Here are the updated two-day upswings that we have now seen out of the SPY on those initially targeted contracts.

$289 Calls – Range: 1.50-4.60 – Max Gain: 207%
$289.50 Calls – Range: 1.24-4.15 – Max Gain: 235%
$290 Calls – Range: 1.00-3.72 – Max Gain: 272%
$290.50 Calls – Range: .80-3.31 – Max Gain: 314%

For those paying attention, in yesterday’s SPY update, we also rolled up to include another pair of ideas, the SPY 06/19 $291-291.50 Calls, and those too saw some excellent intraday gain opportunities.

$291 Calls – Range: 1.20-2.95 – Max Gain: 146%
$291.50 Calls – Range: .96-2.55 – Max Gain: 166%
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FRESH IDEA:
Adobe, Inc. ADBE Weekly $285-290 Calls

SunPower Corp. SPWR

We also want to comment on what has turned into one of the most steady-growth movers of 2019, in SPWR. We began tracking this play all the way back in January. We typically go after quick-strike opportunities, but it became very apparent after awhile that SPWR was good for a much longer term look.

The ground it has covered in this calendar year has been incredible. From our observed low of 5.06 just a couple days after our alert, the stock has now scored a double-bagger, and then some. Yesterday it hit a new high of 11.01, marking a total increase of 118%

Extended Watchlist:
MLNT, FRED, TWMC, NURO, ROX,

Blue Horseshoe Stocks: SPY Update

SPDR S&P500 ETF (SPY) – Update

Our fresh options idea to kick off the new trading week yesterday utilizing the SPY started off on a good foot. It’s something we always come back to because of the predictable way it behaves and trades.

We designated the SPY 06/19 $289-290.50 Calls as our contracts of interest, and the markets’ activity played into our hands nicely, for a start. Here were the gains that were made possible on the day yesterday:

$289 Calls – Range: 1.50-2.00 – Max Gain: 33%
$289.50 Calls – Range: 1.24-1.73 – Max Gain: 40%
$290 Calls – Range: 1.00-1.45 – Max Gain: 45%
$290.50 Calls – Range: .80-1.15 – Max Gain: 196%

The SPY is gapping up once again today, and we expect all of these calls to open deep in the money and see new highs. We’re going to continue to monitor these, but also look to roll up and include the $291 and $291.50’s in our watchlist as well.

Robert Half International, Inc. RHI

We’ve got another fresh idea based on the technical setup of the RHI chart, which has been trending up off a double bottom. We see some decent volatility potential, and a topside gap to fill on the chart. This is going to be a longer term idea, which could ultimately turn into a solid recovery play.

We are going to place the RHI 09/20 $55-65 Calls on watch for the weeks and months ahead. RHI most likely wouldn’t even have to fill that gap for us to see results. A run at the 200DMA or even 50DMA would likely produce significant gains in those contracts.

Extended Watchlist:
KOOL, AVXL, CLVS, SHIP, NMR, ABEO, TIGR, NBEV, JAGX